Thryv (NASDAQ:THRY) CEO Joe Walsh Buys 15,000 Shares of Stock

Thryv Holdings, Inc. (NASDAQ:THRY) CEO Joe Walsh bought 15,000 shares of the company’s stock in a transaction on Friday, March 13th. The stock was purchased at an average cost of $2.91 per share, for a total transaction of $43,650.00. Following the completion of the transaction, the chief executive officer owned 775,749 shares in the company, valued at approximately $2,257,429.59. The trade was a 1.97% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Thryv Price Performance

Shares of Thryv stock opened at $2.94 on Friday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 1.08. Thryv Holdings, Inc. has a 52-week low of $1.91 and a 52-week high of $15.74. The stock has a 50-day simple moving average of $4.21 and a 200-day simple moving average of $7.40.

Thryv (NASDAQ:THRY) last announced its quarterly earnings results on Thursday, February 26th. The company reported ($0.22) EPS for the quarter, missing the consensus estimate of $0.40 by ($0.62). The firm had revenue of $191.62 million during the quarter, compared to the consensus estimate of $191.25 million. Thryv had a net margin of 0.04% and a return on equity of 0.14%. On average, research analysts anticipate that Thryv Holdings, Inc. will post -2.24 EPS for the current fiscal year.

Institutional Trading of Thryv

Several institutional investors have recently modified their holdings of the company. Alpine Global Management LLC bought a new stake in shares of Thryv during the fourth quarter valued at approximately $179,000. Aristides Capital LLC bought a new position in Thryv in the fourth quarter worth $210,000. Mercer Global Advisors Inc. ADV acquired a new stake in Thryv during the fourth quarter worth $79,000. Mackenzie Financial Corp bought a new stake in Thryv in the 4th quarter valued at $106,000. Finally, Empowered Funds LLC acquired a new position in shares of Thryv in the 4th quarter valued at $904,000. Institutional investors and hedge funds own 96.38% of the company’s stock.

Wall Street Analysts Forecast Growth

THRY has been the topic of several analyst reports. Weiss Ratings restated a “sell (d)” rating on shares of Thryv in a research note on Monday, December 29th. Royal Bank Of Canada decreased their price objective on shares of Thryv from $13.00 to $7.00 and set a “sector perform” rating for the company in a report on Friday, February 20th. Needham & Company LLC lowered their target price on shares of Thryv from $14.00 to $6.00 and set a “buy” rating on the stock in a research report on Thursday, February 26th. Wall Street Zen lowered Thryv from a “buy” rating to a “hold” rating in a report on Saturday, February 14th. Finally, Zacks Research raised Thryv from a “strong sell” rating to a “hold” rating in a research report on Monday, December 29th. Two analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $9.50.

About Thryv

Thryv Holdings, Inc (NASDAQ:THRY) is a software and technology solutions provider focused on helping small- and medium-sized businesses manage customer relationships, marketing and communications, appointments and payments through a unified platform. Headquartered in Dallas, Texas, the company delivers cloud-based software designed to simplify administrative tasks and enable business owners to engage with customers across multiple channels.

At the core of Thryv’s offerings is its flagship Thryv software platform, which combines customer relationship management (CRM) tools, automated marketing and social media management, online scheduling, invoicing and payment processing.